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A. Deferred revenues-customer deposits Eastern Brewing Company (EBC) distrbutes its products in an aluminum keg. Customers are charged a deposit of $40 per keg and
A. Deferred revenues-customer deposits Eastern Brewing Company (EBC) distrbutes its products in an aluminum keg. Customers are charged a deposit of $40 per keg and deposits recelved from customers are recorded in the keg deposits account. Required: 1. This part of the question is not part of your Connect assignment. 2. A production specialist who works for EBC estimates that 70loegs for which deposits were received during the year will never be returned. How would the deposits related to these 70 loegs be reflected in the compary's financial statements? (If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid.) Journal entry worksheet
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